Murdoch is a smaller suburb in Western Australia within the Melville local government area (postcode 6150). With a population of 3,352, the suburb has an established demographic with a median age of 43. Households earn a median income of $76K per year, with an average household size of 2.5 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Murdoch is $927,000, having surged 17.6% over the past year. Units have a median price of $500,000 (+3.1% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $2,037.
Murdoch is served by 1 school, including 1 secondary. The average ICSEA score is 1113, which is well above the national average of 1,000. Public transport access includes 38 bus stops. Healthcare facilities include 1 public and 2 private hospitals.
From an investment perspective, Murdoch offers a gross rental yield of 4.2%, rated as moderate yield. Property prices are near the state median ($927K/$951K). The price-to-income ratio of 12.2x is considered stretched. House prices have moved +17.6% year-on-year.
Murdoch is a smaller suburb in Western Australia within the Melville local government area (postcode 6150). With a population of 3,352, the suburb has an established demographic with a median age of 43. Households earn a median income of $76K per year, with an average household size of 2.5 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Murdoch is $927,000, having surged 17.6% over the past year. Units have a median price of $500,000 (+3.1% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $2,037.
Murdoch is served by 1 school, including 1 secondary. The average ICSEA score is 1113, which is well above the national average of 1,000. Public transport access includes 38 bus stops. Healthcare facilities include 1 public and 2 private hospitals.
From an investment perspective, Murdoch offers a gross rental yield of 4.2%, rated as moderate yield. Property prices are near the state median ($927K/$951K). The price-to-income ratio of 12.2x is considered stretched. House prices have moved +17.6% year-on-year.